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Daily Dispatches
Freedom-of-information lament is ironic as FT aids concealment of gold market rigging
Submitted by admin on Mon, 2021-08-30 14:11 Section: Daily Dispatches2:15p ET Monday, August 30, 2021
Dear Friend of GATA and Gold:
Today's edition of the Financial Times carries a lament by reporter Chris Cook about the British government's four-year obstruction of his freedom-of-information request for access to two pages of a ministerial diary.
The lament is headlined: "UK Officials Are Going to Great Lengths to Keep Their Secrets Secret" and it can be found here:
USAGold's September 'News & Views' says gold is also a 'lifestyle decision'
Submitted by admin on Mon, 2021-08-30 10:42 Section: Daily Dispatches10:40a ET Monday, August 30, 2021
Dear Friend of GATA and Gold:
"Gold ownership," USAGold's September "News & Views" letter contends, "has as much to do with personal philosophy and how we wish to conduct our lives as it does finance and economics. In many ways, it is a rational portfolio decision that suits the times, but it is also a lifestyle decision that provides some peace of mind no matter what happens with the pandemic, the mania on Wall Street, or the political maneuvering in Washington."
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Inflation will escort gold to its revival, Paulson says, scorning cryptocurrencies
Submitted by admin on Mon, 2021-08-30 10:30 Section: Daily DispatchesBillionaire Paulson, Who Shorted Subprime, Calls Crypto 'Worthless' Bubble
By Steven Crabill
Bloomberg News
Monday, August 30, 2021
Ever since John Paulson bet against the U.S. housing market more than a decade ago, people keep asking him about his next big trade.
The billionaire hasn't found anything to rival his massive short, but it's hard to top the $20 billion that Paulson made for himself and investors when subprime mortgage bonds collapsed and ignited the worst financial crisis since the Great Depression.
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Mobius says hold 10% in gold as currencies will be devalued
Submitted by admin on Mon, 2021-08-30 09:27 Section: Daily DispatchesBy Abhishek Vishnoi and Ranjeetha Pakiam
Bloomberg News
Monday, August 30, 2021
Veteran investor Mark Mobius said investors should have 10% of a portfolio in gold as currencies will be devalued following the unprecedented stimulus rolled out to fight the coronavirus pandemic.
Another money-back offer from the New Orleans Investment Conference
Submitted by admin on Mon, 2021-08-30 09:21 Section: Daily DispatchesBy Brien Lundin, CEO
New Orleans Investment Conference
Monday, August 30, 2021
We have important developments regarding this year’s New Orleans Investment Conference, to be held Tuesday-Friday, October 19-22.
If you're like many people during these crazy times, you may be considering skipping this year’s New Orleans Conference. And I’m afraid that might be a grave mistake -- especially in light of the most recent data we’re getting on Covid infections.
Dragons fly as Chinese millennials take a shine to gold
Submitted by admin on Mon, 2021-08-30 09:19 Section: Daily DispatchesBy Emily Chow
Reuters
Sunday, August 29, 2021
SHANGHAI -- For many affluent young Chinese consumers, modern simplicity is out and tradition is back in when it comes to jewellery.
Sales of gold bracelets, pendants, earrings, and necklaces that draw on dragons, phoenixes, peonies, and other traditional Chinese patterns and symbols are flying among consumers, especially those in their 20s and 30s, helping drive a rebound in gold demand in the country after a pandemic-induced slump.
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Texas Bullion Depository, touted as a gold mine for taxpayers, could end up costing millions
Submitted by admin on Fri, 2021-08-27 23:53 Section: Daily DispatchesBy Eric Dexheimer
Houston Chronicle
Friday, August 27, 2021
When state lawmakers decided in 2015 that Texas needed to be the only state to have its own precious metals depository, supporters said there were plenty of reasons the project would be a gold mine.
Stefan Gleason: Play the odds by not gambling in rigged markets
Submitted by admin on Fri, 2021-08-27 18:58 Section: Daily DispatchesBy Stefan Gleason
Money Metals Exchange, Eagle, Idaho
Thursday, August 26, 2021
Is America becoming a nation of gamblers?
The lure of potential cash windfalls is driving rampant speculation in financial markets and record traffic to casinos.
The commercial gaming industry generated a record $13.6 billion in revenues during the second quarter, according to the Las Vegan Review Journal:
Key inflation gauge posts fastest annual price gain in 30 years
Submitted by admin on Fri, 2021-08-27 18:29 Section: Daily DispatchesBy Tom Ozimek
The Epoch Times, New York
Friday, August 27, 2021
The Federal Reserve’s preferred inflation gauge, the so-called core personal consumption expenditures (PCE) price index, vaulted in the 12 months through July to levels not seen in 30 years.
The Commerce Department said in a release Friday that core PCE rose 3.6 percent over the year in July, matching last month’s level, which was an increase from 3.5 percent in May and 3.1 percent in April.
U.S. Global's Holmes notes GATA's work against gold price suppression
Submitted by admin on Thu, 2021-08-26 23:30 Section: Daily Dispatches11:33p ET Thursday, August 26, 2021
Dear Friend of GATA and Gold:
In his "Frank Talk" commentary for U.S. Global Investors this week, Chief Executive Officer Frank Holmes takes note of gold price suppression by governments and investment banks and GATA's work exposing it.
Holmes' commentary is headlined "Gold, 'An Attractive Insurance Policy'" and it's posted at U.S. Global's internet site here:
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